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Market Updates Today:
While markets are confident of a low-interest rate regime, the Reserve Bank of India continues to tread cautiously at every step. In its macroeconomic report for third quarter, the central bank mentioned about calibrated (read baby step) measures in managing country's monetary policy. It revised India's GDP forecast to 5.5% in 2012-13 as against 5.7% estimated earlier.
The US markets closed mixed as stocks struggled to extend the January rally for another session. Apple led tech stocks higher with a 2 percent rebound while Caterpillar gave support to blue chips following its earnings report. The CBOE volatility index (VIX) traded near 13.5. European equities too ended mixed.
Talking about indian stock market, Today market open with a selling pressure. Due to weakness of US market and its market data market open with a selling mode. Currently NSE indicator nifty trading at 6,068.60 down by 5.95 points. Sell is suggested for today.
STOCK TIPS FOR TODAY: "TRADE ON SMALLER PROFITS FOR TODAY, DON'T GO FOR BIGGER ONE".
Intraday Tips For Today:
- BUY Tata Chemicals Ltd. For Intraday Target of 372 with a stop Loss of 365
- BUY Canara Bank with an Intraday trading Target of 489 and a Stop Loss at 480
- SELL Ambuja Cements Ltd. with a Stop Loss at 199, for Intraday Target at 194.
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